The ex-dividend date for UDR (NYSE:UDR) is tomorrow, October 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $24.43 as of 10 a.m., the dividend yield is 3.6%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for UDR (NYSE: UDR) is tomorrow, October 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $24.43 as of 10 a.m. ET, the dividend yield is 3.6%. The average volume for UDR has been 2.2 million shares per day over the past 30 days. UDR has a market cap of $6.18 billion and is part of the financial sector and real estate industry. Shares are down 2.5% year to date as of the close of trading on Wednesday. UDR, Inc. formerly United Dominion Realty Trust, Inc., operates as a self-administered equity real estate investment trust (REIT). It owns, acquires, renovates, develops, and manages middle-market apartment communities.
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TheStreet Ratings rates UDR as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company has not been very careful in the management of its balance sheet. You can view the full UDR Ratings Report. See our dividend calendar or top-yielding stocks list. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.